Citing restrictions on short selling, credit and liquidity as drains on hedge funds in September, as many decided, instead, to sit on significant cash balances,
Putting a positive spin on the situation, Hennessee Managing Principal Charles Gradante said: This could be one of the best buying opportunities for hedge funds in a decade. Funds performed as expected, as they outperformed the broad equity markets on a relative basis.
Hennessee Group, nonetheless, said the outlook for hedge funds is positive as the market dislocation should provide significant opportunities as markets return to fundamentals.
Separately,